Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (52536)	12/4/1999 10:07:00 PM
From: Ibexx	Respond to of 152472

Jill, The guy may be a 3COM employee peddling his company in desperation. Poor soul. Regards, Ibexx

To: Jill who wrote (52536)	12/5/1999 11:03:00 AM
From: Jenne	Respond to of 152472

UPDATE LONG PLAY!! 12/05/99 $384.44 TARGET=450.00 STOP=358.00(new) RISK=4.5 Friday did not offer the kind of buying opportunities that we saw on Wednesday and Thursday. The good news? Those trading and holding long positions were given a sign of what is yet to come. QCOM tacked on another $10.44 conclusively bouncing off both the 10-dma, ($370.35) and the 5-dma ($371.23). Remember, it did this on November 28th and 29th too. Therefore, before you jump into this VOLATILE stock, either wait for another dip to near-term support ($360 to $370 and target shoot an entry intraday or wait for a breakout above $390 or more conservatively $400. Resistance is strong at $390, and of course, there is the psychological resistance level looming ahead at $400. The ultimate opposition sits at $406.12, the 52- week high set on November 15th. There's an ascending triangle forming on QCOM's chart and we will most likely see QCOM continue to tighten it's pattern of higher lows. Typically this pattern is indicative of a pending upward breakout. Now, what do we need to accelerate the volume and increase the share price? Let's see...how about a winning vote at the Special Meeting on December 20th to increase the number of authorized shares making a 4:1 split possible? What about an announcement naming that elusive buyer for Qualcomm's handset division? Picked on Nov 21 at $366.75 Change since picked +17.69 === bullmarket